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Chilean commission estimates copper price of $3.15 per lb in 2014
February 03, 2014 - 20:54 GMT
Chilean copper commission Cochilco has forecast an average copper price of $3.15 per lb for this year, citing falling inventories at metal exchanges, with estimates for 2015 at $3 per lb.
The range for copper prices would be between $3 and $3.3 per
lb. The forecast is in line with the commission's estimate in
September 2012. "Copper stocks in metal exchanges (LME, Comex
and Shanghai) have reported an ongoing decrease, from 589,000
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Euromoney Institutional Investor PLC.
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